Developed in collaboration with the ICC and TTP, this new guide provides a clear, practical overview of documentary collections and their role within the trade finance landscape. Positioned between open account trading and documentary credits, collections offer a distinct balance of documentary control, cost efficiency, and operational simplicity—yet they are often misunderstood. The guide outlines how collections function in practice, the roles and responsibilities of each party under URC 522 and eURC 1.1, and key considerations for exporters, importers, and banks.
In addition, the publication addresses common misconceptions, clarifies industry terminology, and explores scenarios where banks may take on a more active role through instruments such as avalized drafts or promissory notes. With a focused, internationally oriented perspective, it serves as a valuable resource for trade professionals seeking greater clarity on the application and benefits of documentary collections in global trade.